Top Electric Vehicle Battery Stocks in India

As per Equitymaster's Stock Screener, here is a list of the top EV battery companies in India right now...

• #1 MARUTI SUZUKI
• #2 BHARAT ELECTRONICS
• #3 TATA POWER
• #4 HERO MOTOCORP
• #5 EXIDE INDUSTRIES

These companies have been ranked as per their market capitalization. The higher the market cap, the higher the total value of the company.

Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.

The details of listed EV battery stocks can be found on the NSE and BSE website. For a curated list you can check out our list of EV battery stocks.

Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.

Two commonly used financial ratios used in the valuation of stocks are -

Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.

Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.